How to add Tax Deducted at Source (TDS)?

What is TDS?

Tax Deducted at Source is an indirect method of collecting Income Tax. TDS is based on the principle of “Pay as you earn” which is beneficial for both Government as well as taxpayers.

Adding TDS,

Did someone deduct taxes before making payment to you, worry not we here to help you claim those TDS credits,

1. Navigate to Save > Begin/Edit Tax Situation > Tax Credits > Add.

2. Select Tax Deducted at Source and click on Proceed.

3. Add the details like,

   • Deductor Name
   • Amount

4. Click on Save once all the details have been entered correctly.

Done! Get all the details entered by you under the summary view to visualize your total tax credits.